Scotiabank named No. 1 FX provider in Jamaica

Scotiabank has been recognized, for the fourth consecutive year, as the leading foreign exchange provider in Jamaica, based on a survey undertaken by the monthly magazine Global Finance.



Last year, Scotiabank Jamaica traded upwards of US$1.4 billion, the institution said in a statement announcing its selection.



The choice was made using criteria based on transaction volumes, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.



Scotiabank Jamaica, the statement said, “has the backing of a global network which allows customers access to superior service and real time market intelligence. The bank also has a number of unique value added services which make conducting FX transactions convenient and efficient.”



It quoted Bruce Bowen, President and Chief Executive Officer of Scotiabank Jamaica as saying that “we have a strong team in our treasury unit and a world-class foreign exchange trading system, which allow all our branches access to real time data.”



According to Bowen, “our competitive pricing and our many channels are preferred by our customers who do FX transactions via their mobile phones, Scotia online or at any of our 39 branches.”



Scotia Capital,the global corporate and investment banking and capital markets division of the Scotiabank Group,was identified as Canada’s best foreign exchange provider for the eighth consecutive year and Scotiabank Peru for the fifth year in a row.



In another award category, Scotiabank Canada was named best trade finance bank in that country.



Global Finance editors, with input from industry analysts, corporate executives and technology experts, selected the best currency trading providers in 97 countries or regions.

Germany’s Deutsche Bank was named the global winner.



The results will be published in the January 2012 issue of Global Finance magazine.



business@gleanerjm.com